MATEL REALTY

Building Maintenance > Property Management

With almost 40 years of experience in New York real estate, Matel Realty recently codeveolped Lookout Hill Condominium, a luxurious building situated amid the Brooklyn Heights and Boerum Hill neighborhoods. Taking its name from a Revolutionary War battlefield in Brooklyn, Lookout Hill Condominium is the result of a joint venture between Alchemy Properties Inc. and Matel Realty. With a design inspired by Manhattan architecture and a large backyard garden that won the Columbia University Landscape Design Program prize, all 46 units of Lookout Hill Condominium have since been purchased. In addition to the Lookout Hill Condominium development, Matel Realty oversees several other properties in the West Village, the East Village, Gramercy Park, and Chelsea. The firm boasts a consistent occupancy rate of more than 98 percent. Unlike other real estate companies, Matel Realty strives to form meaningful relationships with its tenants, many of whom have been loyal clients for years. In the past, Matel Realty has also completed a number of successful real estate transactions, including the sale of a Murray Hill building that houses the well-known Second Avenue Deli. After Matel Realty assisted a buyer, the mixed-use structure was sold for more than $5 million in cash by a seller represented by Massey Knakal Realty Services. Employees of Matel Realty take part in community service efforts and charitable causes. Among the events and organizations that Matel Realty has supported are the Stuyvesant Block Association Thanksgiving Dinner, HOWL! Festival, and The Catalog for Giving of New York City.

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